There seems to be pressure in the domestic stock market amid fluctuations during early trading today. Today’s trading started on a strong note.
Immediately after the market opened, there was a slight shock of selling, but after some time, buyers made buying efforts, due to which the movement of both Sensex and Nifty indices increased.
However, after ten o’clock in the morning, selling pressure once again arose, due to which the movement of both the indices started weakening.
After the first one hour of trading amid continuous buying and selling in the market, Sensex was trading with a gain of 0.25 percent and Nifty with a gain of 0.05 percent.
BSE Sensex opened today at 77,892.10 points with a rise of 236.01 points or 0.30 percent. Due to selling pressure as soon as the trading started, within the first five minutes the index slipped almost 90 points from the opening level to 77,805.62 points.
After this, buyers made buying efforts, due to which the movement of this index increased. With the support of continuous buying in the market, this index reached the level of 77,986.84 points in just half an hour of trading.
However, this momentum could not last long. Due to profit booking at this level, the movement of this index declined.
After the first one hour of trading amid continuous buying and selling in the market, at 10:15 am the Sensex was trading at 77,853.96 points with a gain of 197.87 points or 0.25 percent.
Like Sensex, NSE’s Nifty started trading today at 24,341.95 points with a slight rise of 7.40 points or 0.03 percent.
Due to selling pressure as soon as the market opened, this index slipped by about 25 points and fell in the red to the level of 24,309.50 points.
After this, buyers made buying efforts, due to which the movement of this index increased. With the support of buying, Nifty recovered within a short time and made its place in the green again.
With the support of continuous buying, around 10 am this index gained almost 45 points and reached the level of 24,378.60 points. After this, as profit booking started, the movement of this index once again took a downward trend.
After the first one hour of trading between continuous buying and selling in the market, at 10:15 am Nifty was trading at the level of 24,347.05 points with a gain of 12.50 points or 0.05 percent.
In the current trading, there was active trading in 2,807 shares in the stock market. Of these, 1,972 shares were trading in the green after earning profits, while 835 shares were trading in the red after incurring losses.
Similarly, out of 30 shares included in Sensex, 23 shares remained in the green with the support of buying. On the other hand, 7 shares were trading in the red due to selling pressure. Whereas out of 50 shares included in Nifty, 21 shares were seen trading in green mark and 29 shares were seen trading in red mark.
After the first one hour of trading, shares of stock market giants Kotak Mahindra, ICICI Bank, UltraTech Cement, HDFC Life and Bajaj Finserv were trading with gains ranging from 2.08 percent to 0.99 percent.
On the other hand, shares of Infosys, Apollo Hospitals, Bharti Airtel, Bharat Electronics and Nestle were seen trading with a fall of 1.23 per cent to 0.85 per cent.
Before this, on the last trading day on Tuesday, the Sensex had closed at the level of 77,656.09 points with a gain of 286.98 points or 0.37 percent.
At the same time, Nifty ended Tuesday’s trading at the level of 24,334.55 points with a rise of 115.50 points or 0.48 percent.